§ Mr. Blaker
asked the Secretary of State for Trade (1) what negotiations Her Majesty's Government have entered into to co-ordinate Western credit terms in relation to trade with COMECON countries;
(2) what is Her Majesty's Government's policy towards the Western coordination of credit terms to COMECON countries on the basis of a 7 per cent. annual interest charge and a 10-year maturity period as described in the Report of the United Nations annual survey of the Economic Commission for Europe.
§ Mr. Deakins
Her Majesty's Government already participate in a number of international consultation procedures concerned with officially-supported credit320W on terms exceeding five years for exports to all markets including the COMECON countries. The major trading nations, including the United Kingdom, are currently discussing ways of strengthening the co-ordination of such credit.